Board of Directors

of directors
JAIME AUGUSTO ZOBEL
DE AYALA
Chairman of the Board of Directors of BPI
since March 25, 2004 and director since
1994. Chairman of the Board of Directors
and Chief Executive Officer of Ayala
Corporation; Chairman of Globe Telecom,
Inc., Integrated Microelectronics, Inc., and
Al North America; Vice-Chairman of Ayala
Land, Inc. and Manila Water Company,
Inc.; Co-Vice Chairman of Mermac, Inc.
and Makati Business Club; Director of
Alabang Commercial Corporation and
Ayala International Pte. Ltd.; Chairman of
the Board of Trustees of World Wildlife
Fund Philippines Advisory Council; ViceChairman of the Board of Trustees of
Asia Society Philippine Foundation, Inc.
and Co-Vice-Chairman of the Board of
Trustees of Ayala Foundation, Inc.; Member
of the Board of Trustees of Children’s
Hour Philippines, Inc.; and Director of
Asia Business Council, Harvard Business
School Asia Advisory Committee, Harvard
University Asia Center Advisory Committee,
JP Morgan International Council, Mitsubishi
Corporation International Advisory
Committee, Toshiba International Advisory
Group, Pacific Basin Economic Council,
Eisenhower Fellowships, Singapore
Management University, International
Business Council, World Economic
Forum, Philippine Economic Society and
International Council of The Asia Society.
BPI 2011 ANNUAL REPORT
REBECCA G. FERNANDO
Director from 1995 up to December 2007 and reelected in 2009. Director of BPI Family Savings Bank,
Inc. and BPI Capital Corporation; Chairman of LAIKA
Intertrade Corporation; and Financial Consultant and
Member of the Finance Board of The Roman Catholic
Archbishop of Manila and Finance Board of The Roman
Catholic Archbishop of Antipolo.
AURELIO R. MONTINOLA III
President since 2005 and director since 2004. Chairman of BPI
Direct Savings Bank, Inc., BPI-Philam Life Assurance Corporation, BPI
Computer Systems Corporation, BPI/MS Insurance Corporation, Amon
Trading Corporation, and East Asia Educational Foundation; Chairman
and Executive Director of BPI Europe Plc.; Vice-Chairman of BPI Globe
BanKO, Inc., Mastercard Incorporated Asia/Pacific Regional Advisory
Board, LGU Guarantee Corporation, Philippine Business for Education,
Inc., Far Eastern University and Republic Cement Corporation; Senior
Managing Director of Ayala Corporation; Director of BPI Family
Savings Bank, Inc., BPI Capital Corporation, Ayala Land, Inc.; President
of Bankers Association of the Philippines; Vice-Chairman & President
of BPI Foundation, Inc.; Member of the Board of Trustees of Ayala
Foundation, Inc., Makati Business Club, Philippine Trade Foundation,
Inc., and Management Association of the Philippines.
ARTEMIO V. PANGANIBAN
OCTAVIO V. ESPIRITU
Director since April 2000
and Independent Director
since April 2002. Chairman of
Delphi Group, Inc.; Chairman
& President of MAROV Holding
Company, Inc.; and Director
of International Container
Terminal Services, Inc.,
Netvoice, Inc., Pueblo de Oro
Golf and Country Club and SM
Development Corporation.
OSCAR S. REYES
Director since April 2003. Chairman of
Link Edge, Inc. and MRL Gold Philippines,
Inc.; Independent Director of Ayala Land,
Inc., Alcorn Gold Resources Corporation,
Manila Water Company, Pepsi Cola
Products Philippines, Inc., Basic Energy
Corporation, Sun Life Financial Plans,
Inc., Sunlife Prosperity Dollar Abundance
Fund, Sunlife Prosperity Dollar Advantage
Fund, Petrolift Corporation, Sun Life
of Canada Prosperity Bond Fund, Inc.,
Sun Life Prosperity Money Market
Fund, Inc., and Sun Life GS Fund, Inc.;
Director of Philippine Long Distance
Telephone Co., SMART Communications,
Inc., and Mindoro Resources Ltd; and
Chief Operating Officer of Manila Electric
Company.
Independent Director since April 15, 2010. Independent
Director of Manila Electric Company, Petron
Corporation, First Philippine Holdings Corporation,
Metro Pacific Investment Corporation, Metro Pacific
Tollways Corporation, Robinsons Land Corporation,
GMA Network, Inc., GMA Holdings, Inc., Tollways
Management Corporation and Asian Terminals;
Chairman of the Board of Advisers, Metrobank
Foundation, Inc. and Asian Institute of Management
Ramon V. Del Rosario, Sr.- C.V. Starr Center for Good
Governance; Chairman of Philippine Dispute Resolution
Center, Inc.; and President of Manila Metropolitan
Cathedral – Basilica Foundation, Inc.
FERNANDO ZOBEL DE AYALA
Director since 1994. Vice-Chairman, President and Chief Operating
Officer of Ayala Corporation; Chairman of Ayala Land, Inc., Manila
Water Company, Inc., AC International Finance Ltd., Ayala DBS
Holdings, Inc., AC Energy Holdings, Inc., Alabang Commercial
Corporation, and Ayala International Pte. Ltd.; Vice-Chairman of
Aurora Properties, Inc., Azalea Technology Investment, Inc., CECI
Realty, Inc., Vesta Property Holdings, Inc. and LiveIT Investment, Ltd.
; Co-Vice Chairman of Mermac, Inc.; Director of Asiacom Philippines,
Inc., Globe Telecom, Inc., Integrated Micro-Electronics, Inc., Caritas
Manila, AG Holdings Limited, Ayala International Holdings Limited,
Al North America, Inc., Pilipinas Shell Corporation and Pilipinas Shell
Foundation; Chairman of the Board of Trustees of BPI Foundation, Inc.;
Co-Vice Chairman of the Board of Trustees of Ayala Foundation, Inc.
and Vice-Chairman of the Board of Trustee of Habitat for Humanity
International; Member of The Asia Society, World Economic Forum,
Insead East Asia Council, World President’s Organization Philippines
and World President’s Organization International and Member of the
Advisory Board of Kapit Bisig para sa Ilog Pasig.
BPI 2011 ANNUAL REPORT
our board of directors
GERARDO C. ABLAZA, JR.
Director since 2001. President and
CEO of Manila Water Company, Inc.;
Co-Vice-Chairman of Globe Telecom,
Inc.; Director of BPI Family Savings
Bank, Inc., BPI Globe BanKO, Inc.,
BPI Card Finance Corporation; Senior
Managing Director of Ayala Corporation;
Director of AsiaCom Philippines, Inc.,
LiveIT Investments Limited, Azalea
International Venture Partners, AG
Holdings Limited (HK), ACST Business
Holdings, Inc., AC Energy Holdings, Inc.,
MPM Noodles Corporation, and Thu Duc
Water B.O.O. Corporation; and President
and Director of MWC Foundations, Inc.
KHOO TENG CHEONG
Director since June 16, 2010.
Managing Director (Head of Group
Planning) of DBS Bank, Ltd.
CHNG SOK HUI
Director since April 2003. Director of Ayala DBS
Holdings, Inc.; Managing Director and Chief Financial
Officer of DBS Bank Ltd. (Singapore); and Member of
Housing & Development Board, Accounting Standards
Council and Tax Advisory Committee.
TAN KONG KHOON
Director since August 17, 2011. The
Group Executive of DBS Bank. Ltd.
Consumer Banking Group and Director
of Network for Electronic Transfers
(Singapore) Pte Ltd.
BPI 2011 ANNUAL REPORT
MERCEDITA S. NOLLEDO
Director since 1991. Chairman of BPI
Investment Management, Inc. and AG
Counselors Corporation; Director of BPI
Family Savings Bank, Inc., BPI Capital
Corporation, Ayala Land, Inc., Anvaya
Cove, Ayala Automotive Holdings, Inc.,
Honda Cars Cebu, Inc., Honda Cars
Makati, Inc., HCMI Insurance Agency,
Inc., Isuzu Automotive Dealership, Inc.,
and Isuzu Cebu, Inc; and Member
of the Board of Trustees of Ayala
Foundation, Inc. and BPI Foundation,
Inc.
XAVIER P. LOINAZ
Director since 1982 and Independent Director since
March 31, 2009. Independent Director of BPI Family
Savings Bank, Inc., BPI Capital Corporation, BPI Direct
Savings Bank, Inc., BPI/MS Insurance Corporation,
Ayala Corporation and Globe Telecom, Inc.; Chairman
of Alay Kapwa Kilusan Pangkalusugan and XPL Manitou
Properties, Inc; Vice-Chairman of XPL MTJL Properties,
Inc.; Director of DAO I Condominium Corporation and
Member of the Board of Trustees of BPI Foundation,
Inc., E. Zobel Foundation and PETA.
CEZAR P. CONSING
Director from February 1995 to January
2000 and from August 18, 2004
to January 01, 2007. Independent
Director since April 15, 2010.
Independent Director of First Gen
Corporation, CIMB Group Holdings
Berhad, CIMB Group Sdn Bhd, CIMB
Securities International Pte Limited and
Jollibee Foods Corporation.
ROMEO L. BERNARDO
Director from February 1998 to April 2001.
Independent Director since August 2002. President
and Managing Director of Lazaro Bernardo Tiu &
Associates, Inc.; Chairman of Ayala Life Fixed-Income
Fund Peso, Dollar, Growth, Money Market and Euro
Bond Funds and Philippine Stock Index Fund, Inc.;
and Independent Director of BPI Family Savings
Bank, Inc., BPI Capital Corporation, BPI Direct Savings
Bank, Inc., BPI Leasing Corporation, BPI Rental
Corporation, BPI Forex Corporation, Ayala Plans, Inc.,
BPI/MS Insurance Corporation, BPI Globe BanKO, Inc.,
BPI-Philam Life Assurance Corporation, Philippine
Investment Management, Inc., Aboitiz Power
Corporation, National Reinsurance Corporation of the
Philippines, Globe Telecom, Inc. and RFM Corporation.
BPI 2011 ANNUAL REPORT